Use the Following Information About the Current Year's Operations of a Company

Multiple Choice

Use the following information about the current year's operations of a company to calculate the cash paid for merchandise. $\begin{array} { l } \text {Cost of goods sold. } &\$735,000\\ \text {Merchandise inventory, January 1. } &84,700\\ \text {Merchandise inventory, December 31 } &82,400\\ \text {Accounts payable, January 1. } &54,500\\ \text {Accounts payable, December 31. } &60,200\\\end{array}$

A) $727,000.
B) $726,300.
C) $732,700.
D) $737,700.
E) $737,300.